# Bright Health Management

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bright-health-management

- Industry: Insurance
- Headquarters: Minneapolis, US
- Website: www.brighthealthplan.com
- Total disclosed funding: $1.3B
- Latest round: Series E (Sep 9, 2020)
- Investors on record: 17

## About

Founded in 2015 and based in Minnesota, US, Bright Health Management, Inc. offers health insurance products and services to consumers. The company was founded by Kyle Rolfing, Robert John Sheehy, and Tom Valdivia. As of 2020, the company has around 2,056 employees. In 2021, Bright Health Management, Inc. acquired Zipnosis, a telehealth platform provider and in May 2021, the company filed preliminary paperwork with the Securities and Exchange Commission for an initial public offering.

Bright Health operates an online health service platform that sells health insurance and Medicare advantage plans to individuals, families, and corporate companies(for their employees). The company offers its services through broker partners and public and private health insurance exchanges and works with a network of local healthcare entities such as doctors, clinics, and hospitals to develop and manage provider networks. Bright Health’s platform also allows its users to track healthcare costs and provides smart tools to simplify their health insurance procedures. 

In 2020, Bright Health's revenue grew up to USD 1.2 billion with a net loss of USD 248 million compared to the revenue generated in 2019 of USD 280 million with a net loss of USD 125 million. 

Bright Health plans to perform an initial public offering and trade on the New York Stock Exchange under the symbol “BHG” within 2021.

## Funding rounds

- Series E, Sep 9, 2020, $489M — Blackstone Group, New Enterprise Associates, T Rowe Price, Greenspring Associates, Headline, Bessemer Venture Partners, Tiger Global Management
- Series D, Dec 16, 2019, $424M — Meritech Capital Partners, New Enterprise Associates, Redpoint Ventures, Greenspring Associates, Bessemer Venture Partners, Cross Creek, Flare Capital Partners, Town Hall Ventures, Declaration Partners
- Series C, Nov 15, 2018, $200M — Meritech Capital Partners, New Enterprise Associates, Redpoint Ventures, Greenspring Associates, Greycroft, Bessemer Venture Partners, Cross Creek, Flare Capital Partners, Town Hall Ventures, Declaration Partners
- Series B, Jun 1, 2017, $160M — New Enterprise Associates, Redpoint Ventures, Greenspring Associates, Headline, Greycroft, Bessemer Venture Partners, Cross Creek, Flare Capital Partners
- Series A, Mar 25, 2016, $47M — New Enterprise Associates, Bessemer Venture Partners, Waterline Ventures, Oxeon, GE Ventures, Flare Capital Partners

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A, Series B, Series C, Series D, Series E
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A, Series B, Series C, Series D, Series E
- Waterline Ventures (https://capitalatlas.ai/funds/waterline-ventures) — Series A
- Oxeon (https://capitalatlas.ai/funds/oxeon) — Series A
- GE Ventures — Series A
- Flare Capital Partners (https://capitalatlas.ai/funds/flare-capital-partners) — Series A, Series B, Series C, Series D
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series B, Series C, Series D
- Greenspring Associates (https://capitalatlas.ai/funds/greenspring-associates) — Series B, Series C, Series D, Series E
- Headline (https://capitalatlas.ai/funds/headline) — Series B, Series E
- Greycroft (https://capitalatlas.ai/funds/greycroft) — Series B, Series C
- Cross Creek (https://capitalatlas.ai/funds/cross-creek) — Series B, Series C, Series D
- Meritech Capital Partners (https://capitalatlas.ai/funds/meritech-capital-partners) — Series C, Series D
- Town Hall Ventures (https://capitalatlas.ai/funds/town-hall-ventures) — Series C, Series D
- Declaration Partners (https://capitalatlas.ai/funds/declaration-partners) — Series C, Series D
- Blackstone Group (https://capitalatlas.ai/funds/blackstone-group) — Series E
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series E
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series E